Welcome to today’s assignment! This week is all about building habits to track expenses. Diligently tracking your expenses is a crucial part of budgeting. And not only that, but diligent tracking helps instill in us the habit of thinking and planning before we even go out and spend. Then, thinking about our purchases ahead of time gives us the opportunity to check with our budgets to see if we can actually afford to spend or not.
- Log all of your transactions today. Your assignment is to write down every purchase you make, every dollar you give away, and every bit of savings you set aside in Goodbudget. Try your best to record these transactions at the exact moment they happen — like right at the checkout line before you walk out of the store. If you forget, don’t worry! Hanging on to your receipts can help you catch up at the end of the day. Remember to add things you bought online, as well as anything on auto-pay.
- Let us know how your first full day of tracking expenses went in the comments below! What did you spend on? What helped you remember to record your expenses? Share your tips for getting caught up if you missed a few expenses.
-The Goodbudget Team